Trading data from September 10 indicates that approximately 42.3 million Aradel Holdings shares were exchanged in a deal worth approximately N22.4 billion. This marks the largest single-day trade of Aradel Holdings since listing on the Nigerian Exchange (NGX) in October 2024.
Recall that about a week after listing, the largest shareholder, Africa Capital Alliance’s CAPE IV, sold N19.8 billion shares in a bid to improve liquidity in the market.
The fresh transaction has seen the stock advance by 3.68 percent, moving from an opening price of N511 to N530.
Overall, the September 10 trade accounted for 0.96 percent of Aradel’s total outstanding shares. While the source of the transaction remains unclear, market watchers have linked it to a significant shareholder. CAPE IV currently retains the single largest stake in the company with 15.92 percent.
The strong price movement suggests that the market is responding to heightened buy-side interest
Beyond Aradel, FCMB Group is also witnessing strong trading activity. A total of 287.7 million FCMB shares, representing 0.72 percent of the lender’s total shareholding, changed hands in transactions worth N3.1 billion.
